EU to defer banks’ market risk capital rules by three years
The European Commission to Delay New Market Risk Capital Regime for Banks In a significant move, the European Commission has decided to delay the implementation of an innovative market risk capital framework for banks by three years, as reported by Reuters. This decision has been taken as the Commission waits for the United States and […]
Citadel Securities’ award-winning marathon runner left for a rival trading firm
Hedge Fund Athletes: Citadel Securities Loses Compliance Head Shay Deverell to Hudson River Trading Hedge fund Citadel is well-known for its recruitment of athletes in niche sports, while its sister firm, electronic market maker Citadel Securities, has been known to employ athletes in more traditional roles. However, one notable figure has recently departed from Citadel […]
Pay by Bank is fragmenting: That’s a sign it’s working — but there’s a catch
In a bid to revolutionize online transactions, eBay has unveiled its latest payment method in the UK – Pay by Bank – hot on the heels of Amazon’s adoption. This underlines the rise of Pay by Bank from a novel concept to a mainstream global payment option. Originating in Europe as an alternative to card […]
Iran war poses ‘material but manageable risk’ to stability – BSP
Impact of Middle East Conflict on the Philippines’ Financial Sector The financial stability of the Philippines is under scrutiny due to the escalating Middle East conflict. The Central Bank of the Philippines (BSP) and four other regulators have co-published a report that forecasts the risks to the country’s financial sector. While the potential threats are […]
Chime’s ‘#1’ claim raises J.D. Power’s ire
The Legal Battle Between Chime and J.D. Power Chime, a popular digital banking platform, has recently found itself embroiled in a legal dispute with J.D. Power, a renowned data analytics firm. The crux of the issue lies in Chime’s alleged claim of being “America’s #1 Choice for Banking,” a title that J.D. Power asserts it […]
Trading floor internships have become totally tame
The Evolution of Trading Floor Internships I began my career on the trading floor of a US investment bank 30 years ago. Interns arriving this summer have no idea how harsh things used to be. It wasn’t as bad as the Wolf of Wall Street, but there were some similarities. At the start of my […]
Top US banks unite on new tokenised deposit network
US Banks to Establish Tokenised Deposit Network A consortium of prominent US-based banks, such as JPMorgan and Citi, have announced a groundbreaking initiative to develop a shared tokenised deposit network. This network aims to integrate blockchain technologies with traditional payment systems in a bid to enhance large-scale clearing and settlement of tokenised commercial bank money. […]
Associate Banking Advisor | Washington D.C., DC, USA
About Northern Trust As a Fortune 500 company, Northern Trust has been a globally recognized financial institution since 1889. This award-winning entity has been providing innovative financial services and guidance to the world’s most successful individuals, families, and institutions for over 130 years. The enduring principles of service, expertise, and integrity are the pillars that […]
Director, Investment Banking, FIG | New York, NY, USA
A New Opportunity: Director of Investment Banking, FIG at Scotiabank Scotiabank, a leading bank in the Americas, has a rich history of over a century in the Global Banking and Markets sector. The bank continues to carve its niche in the finance industry by offering a diverse range of innovative investment banking and risk management […]
Form ADV ‘bloat’ causes undue burden for advisors: IAA
Understanding the Burden of Form ADV Reporting for Advisors Just over another quarter concern basic inquiries in Part 1A about client and advisor numbers and AUM. Nearly 30% are about private funds, and 16% are about portfolio holdings, borrowings, and derivatives in separately managed accounts. Barr said the IAA draws heavily on Form ADVs for […]